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The table below offers a collection of data aimed at giving potential franchisees a glimpse into their market landscape. Click Read More to delve deeper, uncovering additional information to assist you in making a well-informed decision. These insights are tailored to highlight the opportunities in your city as you consider a franchise purchase.
| Key Data Points for Washington, District of Columbia | ||
| Data | Washington, DC | Nationwide |
|---|---|---|
| Population | 675.28 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -5.3551% | 0.5% |
| Median Household Income | $178,758 | $74,580 |
| Median Age | 34.1 | 38.9 |
| Residents per Business | 1 to 16 | 10 to 1 |
| Annual Household Expenditures | $33.16 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
Washington D.C., the epicenter of political and administrative power in the United States, offers a robust market for aspiring franchisees. Within a 5 mile radius of the city, the median household income of $131,254 and the total annual consumer expenditure of $41.13 billion presents enticing opportunities for a variety of franchises.
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The city's economic vigor is mirrored by its thriving business ecosystem, boasting 48,802 total businesses and an employee population of 731,974. The ratio of residential population to business stands at 16.2 to 1, indicative of a bustling commercial landscape. Moreover, the city's labor force is diversely distributed across various sectors, with a significant portion engaged in management, business, financial operations, and professional related occupations, totaling to 345,463 individuals.
The dense network of businesses alongside a substantial base of management and professional personnel create a conducive environment for business to business franchises. The presence of numerous company headquarters, accounting for 2,214 businesses with 166,083 employees, further amplifies the potential for B2B services. Franchises offering business services in the realms of consulting, financial auditing, corporate training, and IT solutions, among others, may find a ready market in Washington D.C.
The city's substantial consumer spending showcases lucrative avenues for franchises across various sectors. A spending of $5.88 billion in the food and beverages sector, $2.41 billion in entertainment, and $3.22 billion in health care, opens doors for franchises in the food, entertainment, and health care domains respectively. Moreover, the notably high consumer spending on shelter and transportation, amounting to $8.78 billion and $7.18 billion respectively, hint at business opportunities for franchises in the real estate and automotive sectors.
Franchise Opportunities
Explore the franchise listings below and take the first step towards a rewarding business venture.
Washington, District of Columbia Franchise Opportunities (and Businesses for Sale)
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